Nova Minerals Limited Stock Market Press Releases and Company Profile
Thompson Brothers Lithium Project Resource Upgrade
Thompson Brothers Lithium Project Resource Upgrade

Melbourne, June 3, 2021 AEST (ABN Newswire) - The directors of Nova Minerals Limited (googlechartASX:NVA) (QM3.F) (googlechartNVAAF:OTCMKTS) are pleased to announce a resource update at the Thompson Brothers Lithium Project through its majority owned subsidiary, Snow Lake Resources Ltd.

Highlights

o Mineral Resource Estimate:

- Indicated Resource Estimate of 9.08 Mt @ 1.00 % Li2O using a 0.3 % Li2O cut-off grade and;

- Inferred Resource Estimate of 1.97 Mt @ 0.98 % Li2O using a 0.3 % Li2O cut-off grade.

o Canmine Consultants and ABH Engineering as Independent Consultants in support of Maiden SK 1300 MRE Report.

o Resource entirely from a single high grade lithium bearing pegmatite dyke partially outcropping at surface which remains open along strike and to depth.

o Resource represents less than 5% of the project area. Engage Brent Hilscher of DRA Global fast progressing PEA

Snow Lake Resource CEO, Mr. Phil Gross said:

This resource update represents a major milestone in achieving our ambitions of becoming North America's first fully sustainable, carbon neutral and fully traceable lithium supplier. To date the exploration budget has been relatively modest and with the current resource limited to 5% of our property footprint, Snow Lake has the potential of being leveraged into a world class lithium producer. As we enter the tipping point of vehicle electrification, we will be in a unique position to play an important role and fully integrate into the EV industry supply chain.

To view the Snow Lake Resources announcement, please visit:
https://abnnewswire.net/lnk/092MJ5G4


About Nova Minerals Limited

Nova Minerals LtdNova Minerals Limited's (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) vision is to develop North America's next major gold trend. The company is focused on exploration in Alaska's prolific Tintina Gold Belt, a province which hosts a 220 million ounce (Moz) documented gold endowment and some of the world's largest gold mines and discoveries including Victoria Gold's Eagle Mine and Kinross Gold Corporation's Fort Knox Gold Mine. The company's flagship Estelle Project has a current total estimated JORC gold resource of 9.6Moz (3Moz Indicated and 6.6Moz Inferred). Estelle is a 45km long string of 15 identified gold prospects bracketed by the Korbel deposit in the north and the RPM deposit in the south. These two deposits are currently host to extensive exploration programs.

Additionally, Nova has an indirect interest in the Canadian Thompson Brothers Lithium Project through a substantial stake in Snow Lake Resources Ltd (NASDAQ:LITM) and holds a 12.99% interest in Torian Resources Limited (ASX:TNR), a gold exploration company based in Western Australia.

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Contact

Nova Minerals Ltd
P: +61-3-9614-0600
F: +61-3-9614-0550
WWW: novaminerals.com.au



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